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Published: 11:06 pm July 5, 2023
Updated: 1:23 am March 9, 2026
UK Private Sector Growth Slows Amid Rising Rates, Plans to Close Rail Ticket Offices – UKNIP

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• UK Private Sector Growth Slows Amid Rising Interest Rates, Survey Shows
• Plans To Close Rail Ticket Offices
• Customers Will Not Pay For Thames Water Failures

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A recent survey has revealed a sharp slowdown in the growth of Britain’s private sector last month, despite businesses benefiting from lower inflation. The survey, conducted by S&P Global/CIPS, indicates that higher Bank of England interest rates have weighed on demand, resulting in a significant decline in the services Purchasing Managers’ Index (PMI).

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